Polkadot (DOT) Price Prediction 2025-2030: DOT pushes past $6, but bears lurk

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

After forming a base above the $5.80 zone, Polkadot’s (DOT) price started afresh. It climbed above the $6.20 and $6.25 levels to move back into a positive zone. The bulls were able to push the price above the $6.50 level, trading at $7.21 at press time. However, there was a major bearish trend line forming with resistance near $6.70.

Read Price Prediction for Polkadot [DOT] for 2023-24

Currently the 12th largest cryptocurrency, Polkadot has a market cap of $8,348,864,959.

In a blog post published on 26 September, 2022, the Polkadot team provided updates on their Roadmap Roundup.

The post described the Asynchronous Backing which aims to accomplish three things: reduce the duration of parachain blocks to six seconds, increase the amount of block space available to each block by a factor of 5-10, and allow parachain blocks to be reused when they don’t make it onto the relay chain on the first try.

The transactions per second (TPS) capacity of the network is also expected to increase in aggregate to 100,000-1,000,000, thanks to the update.

Prior to its launch, the Polkadot project had raised over $144.3 million through the Web3 Foundation in an ICO itself in October 2017. DOT was trading at $6.30 in August 2020 and kept oscillating between $4 and $5 throughout the rest of 2020.

The crypto bloom of 2021 proved to be wondrous for Polkadot too. Throughout the year, it remained bullish and reached its ATH of $55 in November. Similarly, the crypto crash witnessed in the second quarter of 2022 impacted its performance adversely. By mid-July, it was trading at